Businesses may want to protect the key employees within their firm – perhaps the key salesman, or the IT manager without who the business will not function properly. Key person protection can provide a fixed sum should the individual be unable work, or even die. The benefit will be designed to cover the firm’s expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.
Shareholder Protection -
Similarly if a key shareholder was to pass away, the firms remaining shareholders or directors may want to purchase the deceased’s shares from his estate promptly to maintain control of their business. Likewise the deceased’s beneficiaries may well want to sell those shares rater than be involved in the day to day running of a company they know nothing about. A Shareholder share purchase arrangement will allow for the shares to go to the people who want to own and run the company after the death of a shareholder.
KNFM Ltd and Andrew Copeland Mortgages Ltd are both authorised and regulated by the Financial Services Authority.
KNFM Ltd is Registered in England and Wales No. 4713684
Office address: 230 Portland Road, South Norwood, London SE25 4SL FSA No. 227737
Andrew Copeland Mortgages Ltd is Registered in England and Wales No. 4016124
Office address: 230 Portland Road, South Norwood, London SE25 4SL FSA No. 303024
Andrew Copeland Mortgages Ltd is a wholly owned subsidiary of KNFM Ltd